Recruitment of participants A smoothed, low-lag Commodity Channel Index (CCI) indicator

A smoothed, low-lag Commodity Channel Index (CCI) indicator

Program is a smoothed, low-lag Commodity Channel Index (CCI) TradeStation EasyLanguage indicator. The following images show the smoothed Markplex CCI indicator, compared with the CCI indicator supplied with TradeStation.


The amount of lag depends on the smoothing factor applied. In the next image the SmoothLength is reduced to 9, reducing the lag but still retaining a smoother plot.


The program also includes the option to look for divergence between price and the smoothed CCI plot. If a divergence is detected, a line is drawn under the price pivots. See the following image.





The program was developed in TradeStation 8.7 and works on intraday, daily, weekly, and monthly charts.

The program is ‘protected,’ (or ‘read-only’ in the case of the MultiCharts version) in other words, you will not be able to see and edit the source code, but you will be able to apply it to a chart and modify the inputs.